495-497 Ferguson Ave Temiskaming Shores, Ontario P0J 1K0
MLS# X8235446 - Buy this house, and I'll buy Yours*
$4,965,000
Welcome to Renaissance Place, a premier multifamily investment opportunity nestled in the bustling community of Temiskaming Shores, just 5 hours north of Toronto. This modern complex, completed in 2015, boasts 26 meticulously crafted units designed to meet the needs of today's discerning tenants. With a solid 5.5% CAP Rate, Renaissance Place offers a lucrative investment proposition. The unit mix comprises 6 bachelor, 3 one-bedroom, and 17 two-bedroom apartments, catering to a diverse range of tenants. Each unit is equipped with high-end stainless steel appliances, ensuring both functionality and style. Security is paramount at Renaissance Place, with a state-of-the-art FOB entry system providing peace of mind for residents and investors alike. Energy efficiency is prioritized through the installation of high-efficient LED light fixtures and gas boilers, reducing operational costs and environmental impact. Convenience is key with on-site coin laundry rooms featuring change machines, offering residents hassle-free access to laundry facilities. The property is fully occupied, underscoring the high demand for tenancy in this vibrant community. Temiskaming Shores is renowned for its thriving industries in agriculture, forestry, and mining, ensuring a stable economic base and consistent demand for housing. With its prime location and upscale amenities, Renaissance Place presents a compelling opportunity for investors seeking long-term growth and attractive returns in the flourishing rental market of Temiskaming Shores. (id:51158)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X8235446 |
| Property Type | Multi-family |
| Parking Space Total | 26 |
About 495-497 Ferguson Ave, Temiskaming Shores, Ontario
This For sale Property is located at 495-497 Ferguson Ave Multi-family Multi-Family, in the City of Temiskaming Shores Multi-family bedroom(s), bath(s) . 495-497 Ferguson Ave heating and Partially air conditioned. This house features a Fireplace.
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This Temiskaming Shores Multi-Family
The Current price for the property located at 495-497 Ferguson Ave, Temiskaming Shores is $4,965,000 and was listed on MLS on :2024-04-15 19:35:59
Building
| Cooling Type | Partially Air Conditioned |
| Size Interior | 21420 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | 85 X 200 Ft |
| Size Total Text | 85 X 200 Ft |
https://www.realtor.ca/real-estate/26753397/495-497-ferguson-ave-temiskaming-shores
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Get More info About:495-497 Ferguson Ave Temiskaming Shores, Mls# X8235446
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April 15 2024 07:35:59
Toronto Real Estate Board
Alloway Property Group Ltd.